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From: Webster's Revised Unabridged Dictionary (1913)

 Do·na·tion n.
 1. The act of giving or bestowing; a grant.
    After donation there is an absolute change and alienation of the property of the thing given.
 2. That which is given as a present; that which is transferred to another gratuitously; a gift.
 And some donation freely to estate
 On the bless'd lovers.   --Shak.
 3. Law The act or contract by which a person voluntarily transfers the title to a thing of which be is the owner, from himself to another, without any consideration, as a free gift.
 Donation party, a party assembled at the house of some one, as of a clergyman, each one bringing some present. [U.S.]
 Syn: -- Gift; present; benefaction; grant. See Gift.